Self-drive car rental start-up Zoomcar India Pvt. Ltd has raised $3.6 million (Rs 25 crore) in debt funding from Trifecta Capital, said a report in Yourstory quoting filings with Registrar of Companies (RoC).
The development comes almost six months after the Bengaluru-headquartered startup closed a $40-million Series C funding round led by automobile company Mahindra & Mahindra (M&M), part of the $19-billion Mahindra Group. Existing investors, including Ford Smart Mobility, Sequoia Capital, Empire Angels, Nokia Growth Partners and others, had also participated in that round.
